scholarly journals Regional Integration in the West African Economic and Monetary Union (WAEMU): Complementarity or Competition?

Economies ◽  
2022 ◽  
Vol 10 (1) ◽  
pp. 22
Author(s):  
Alastaire Sèna Alinsato
Keyword(s):  
Monetary Union ◽  
Regional Integration ◽  
Spatial Competition ◽  
West African ◽  
Living Standards ◽  
Economic And Monetary Union ◽  
The West ◽  
Income Polarization ◽  
Sigma Convergence ◽  
The One

This paper analyzes and characterizes the nature of the interactions between countries of the West African Economic and Monetary Union (WAEMU) over the period 1995–2015. The analysis uses sigma-convergence on the one hand and the Dendrinos-Sonis spatial competition model estimated by the SUR method on the other hand. The results show a lack of convergence of living standards and support the idea of income polarization in space; these results also support the idea of a very poorly integrated region with relatively competitive interrelationships. The paper suggests the acceleration of regional integration in the WAEMU region combined with the implementation of inclusive integration policies that promote each member’s comparative advantage.

scholarly journals CO2 Emissions and Economic Growth in the West African Economic and Monetary Union (WAEMU) Countries

2017 ◽  
Vol 6 (2) ◽  
pp. 174 ◽  
Author(s):  
Youmanli Ouoba
Keyword(s):  
Co2 Emissions ◽  
Monetary Union ◽  
Trade Openness ◽  
Test Procedure ◽  
West African ◽  
Economic And Monetary Union ◽  
Kuznets Curve ◽  
The West ◽  
The Government ◽  
Bound Test

The objective of this work is to address the validity of a quadratic environmental Kuznets curve (EKC) hypothesis in the West African Economic and Monetary Union (WAEMU) countries over the period 1970-2010. The bound test procedure is used to analyze the relationship between CO2 emissions and GDP. The results indicate that there is no long term relationship between these variables for the panel of 8 countries of the WAEMU. Similarly, the co-integration exists only in Benin, Mali and Togo. For the purposes of robustness check, additional variables (energy consumption and trade openness) and the Sasabuchi–Lind–Mehlum U test are used. The results confirm the validity of a quadratic carbon Kuznets curve only in Mali. Moreover, the validity of the "pollution havens" hypothesis suggests that the government of Mali should strengthen its environmental regulation policy to limit the influx of polluting industries in the country.

scholarly journals Die strafrechtliche Verantwortlichkeit für Kartellrechtsverstöße nach dem Recht der Westafrikanischen Wirtschafts- und Währungsunion (UEMOA)

2021 ◽  
Author(s):  
N’Kouano Anasthasie N’Toumon
Keyword(s):  
Monetary Union ◽  
West African ◽  
Economic And Monetary Union ◽  
Eu Law ◽  
The West ◽  
Effective Protection ◽  
Member States ◽  
Legal Transplant

The study deals with the antitrust sanctions of the West African Economic and Monetary Union (Union Economique et Monétaire Ouest Africaine - UEMOA) and its member states, which was taken from EU law as a legal transplant. Differences to EU law are elaborated and, in particular, areas are identified in which UEMOA-specific problems require a different interpretation of sanctions law in the interest of effective protection of competition. In addition, the difficulties of implementation are highlighted and far-reaching and comprehensive measures are proposed, oriented towards European antitrust sanctions law, in order to achieve a more efficient prosecution of antitrust violations.

scholarly journals West African Economic and Monetary Union

2020 ◽  
pp. 174-195
Author(s):  
Ousseni Illy ◽  
Seydou Ouedraogo
Keyword(s):  
Central Bank ◽  
Monetary Union ◽  
Active Role ◽  
West African ◽  
Peer Networks ◽  
Economic And Monetary Union ◽  
Political Pressure ◽  
The West ◽  
National Governments ◽  
The Imf

The West African Economic and Monetary Union (WAEMU) moved to adopt Basel II and III standards in 2016 after implementing Basel I for many years. Given the weak development of the financial sector in the Union and its poor connectedness to the international financial system, this reform was unexpected. The adoption of Basel standards has been championed by the Central Bank of West African States (BCEAO), under the influence of the IMF, which has strongly encouraged implementation. National governments and domestically oriented banks have not played an active role, complicating the implementation and enforcement of the new regulations. The central bank is embedded in regulatory peer networks, has close links with the IMF, and is insulated from domestic political pressure because of its supranational position.

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